In the 1940s, Henry Ford regaled us with this little fantastical gem: “Mark my words – a combination aeroplane and motor car is coming…You may smile. But it will come.” Eight decades later, and Ford is vindicated. Toyota just made a nearly $400-million bet on flying taxis as tech competition in this segment gets fierce.
The Japanese carmaker said it is investing $394 million in California-based Joby Aviation, an aerospace company that hopes to be among the first to develop and commercialize all-electric flying taxis.
It’s the second time Toyota has seen fit to pump money into this idea.
In early 2018, the Japanese auto giant teamed up with Jetblue, investing $100 million in Joby during the company’s previous funding round. With Toyota’s latest investment, Joby just closed its latest round of financing with $590 million in venture capital funding.
And the year before that, Toyota backed Recogni Inc., a Silicon Valley maker of autonomous vehicle systems, and May Mobility, a Michigan-based operator of self-driving shuttle buses….CLICK for complete article
Calgary and Edmonton should be laughing at this one. Toronto too. Despite many promises – Vancouver and BC don’t have ride sharing. And amazingly – “progressive” politicians tell us to ignore one of the biggest changes in society – the advent of the sharing economy.
Lots of public sector contracts are about to be negotiated and the norm is to talk about wages but it’s the benefits that can be the biggest cost. It’s about time taxpayers got the facts – after all they’re paying for it.
It’s the funniest, most absurd statement of the campaign and that’s saying something. Think of all the competition in a sea of inane, over the top remarks – and it’s not even close.
Canadians especially in BC and Quebec…and Ottawa – don’t seem to have any idea how much the slowdown in Alberta costs the whole country.
Quote of the Week
Famed economist Thomas Sowell on how we no longer count our blessings and instead focus on our unfulfilled desires.
We need billions more for existing programs – tens of billions more for new promises. When the next downturn hits – the deficit will explode and governments will go where the money is – your home.